Change leaders will be most effective if they have which of the following characteristics?
a. Distrust of organizational fads
b. See the world in linear terms
c. Low tolerance for ambiguity
d. Pessimism
a. Distrust of organizational fads
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Most firms report the amounts in their financial statements using _____
a. Euro's b. United States Dollars c. Japanese Yen d. currency of the country where they are incorporated and conduct most of their business activities e. Swiss Francs
________________ is the process by which an organization determines where it is going in the future, how it will get there, and how it will assess whether and to what extent it has achieved its goals.
Fill in the blank(s) with the appropriate word(s).
An S corporation reports ordinary income of $120,000 after deducting $20,000 for Fred's salary. Fred and his three children own the S corporation equally. The IRS determines Fred's stock transfer to his three children is not bona fide. Reasonable compensation for Fred is $40,000. How much of the S corporation's $140,000 pre-salary income must be reported by Fred?
A) $140,000 B) $100,000 C) $50,000 D) $40,000
Which of the following statements is INCORRECT regarding letters to unsophisticated clients?
a. Citations to controlling authority should not be included. b. The letter should give the answer in the first paragraph. c. A practitioner should always attach a file memo to give the client more detailed information. d. All of these are correct.